Validity Guarantee definition

Validity Guarantee means that certain guarantee agreement whereby the Validity Guarantor agrees, upon the occurrence of certain enumerated events, to absolutely, unconditionally and irrevocably guarantee the full and punctual payment when due, whether at stated maturity, by required prepayment, declaration, acceleration, demand or otherwise, all amounts due by Company hereunder.
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Validity Guarantee means the validity guarantee by in favor of the Lender; and
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Examples of Validity Guarantee in a sentence

  • The Guarantor shall pay to Star Funding forthwith upon demand, all reasonable costs and expenses (including court costs and legal expenses) incurred or expended by Star Funding in enforcing its rights under this Validity Guarantee.

  • Where no MMEL exists for the type, or where an existing MMEL refers to regulations other than CAR OPS, operators should use this CAP to produce appropriate MEL material.

  • As stated previously, Fleet impleaded Stark as a third-party defendant on a theory of fraud and Sauls as a third-party defendant on a theory of breach of contract pursuant to the Validity Guarantee.

  • Telefax Number: The foregoing Validity Guarantee is hereby accepted as of the date hereof: STAR FUNDING, INC.

  • The obligations of Guarantor under this Validity Guarantee shall be absolute and unconditional, irrespective of the validity, regularity or enforceability of any Guarantor Obligation or any instrument or agreement evidencing the same or relating thereto or any other circumstance that might otherwise constitute a defense available to, or a discharge of, Guarantor.

  • This Validity Guarantee shall inure to the benefit of, and be binding upon, Guarantor and Star Funding and their respective heirs, executors, administrators, successors and assigns, including any subsequent holder or holders of any Guarantor Obligations, and the term “Star Funding” shall include any such holder or holders whenever the context permits.

  • The provisions of this Section 6 shall survive termination of this Validity Guarantee.

  • Star Funding may proceed against Guarantor under this Validity Guarantee without first proceeding against the Company, against any other surety or any other person or any security held by Star Funding and without pursuing any other remedy.

  • This Validity Guarantee is a continuing guaranty of the Guarantor Obligations for the duration of the term of the Star Agreements and any renewals or extensions thereof.

Related to Validity Guarantee

  • Security Guarantee means the guarantee of the Securities executed by each Guarantor and the notation thereof executed pursuant to the provisions of this Indenture.

  • Facility Guaranty means the Guaranty made by the Guarantors in favor of the Agent and the other Credit Parties, in form reasonably satisfactory to the Agent.

  • security guard means an employee defined as a “guard” or a “security guard” in terms of the Basic Conditions of Employment Act, 1983;

  • Bid guarantee means the bid bond, cashier's check or certified check submitted as part of the bid proposal, payable to the contracting unit, ensuring that the successful bidder will enter into a contract.

  • Subsidiary Guarantee means any guarantee of the obligations of the Issuers under this Indenture and the Notes by any Subsidiary Guarantor in accordance with the provisions of this Indenture.

  • Note Guarantee means the Guarantee by each Guarantor of the Company’s obligations under this Indenture and the Notes, executed pursuant to the provisions of this Indenture.

  • Limited Guarantee has the meaning set forth in the Recitals.

  • Guarantee used as a verb has a corresponding meaning.

  • Loan guarantee means any State or federal government

  • Securities Guarantee means each guarantee of the obligations of the Company under this Indenture and the Securities by a Guarantor in accordance with the provisions hereof.

  • Capital Securities Guarantee means the guarantee agreement that the Company enters into with Wilmington Trust Company, as guarantee trustee, or other Persons that operates directly or indirectly for the benefit of holders of Capital Securities of the Trust.

  • Common Securities Guarantee means the guarantee agreement to be dated as of [ ] of the Sponsor in respect of the Common Securities.

  • Preferred Securities Guarantee means any guarantee that the Company may enter into with the Trustee or other Persons that operates directly or indirectly for the benefit of holders of Preferred Securities.

  • Guarantee of the Notes means the guarantee of the Notes given by the Guarantor in the Trust Deed;

  • Parent Guarantee means the guarantee by Parent Guarantor of the obligations of the Issuer under this Indenture and the Securities in accordance with the provisions of this Indenture.

  • Securities Guarantees means the Common Securities Guarantee and the Preferred Securities Guarantee.

  • Call Off Guarantee means a deed of guarantee in favour of a Contracting Body in the form set out in Framework Schedule 13 (Guarantee) and granted pursuant to Clause 3 of the Template Call Off terms;

  • Holdings Guaranty means the Holdings Guaranty made by Holdings in favor of the Administrative Agent on behalf of the Secured Parties, substantially in the form of Exhibit F.

  • Guaranty means, with respect to any Person, any obligation (except the endorsement in the ordinary course of business of negotiable instruments for deposit or collection) of such Person guaranteeing or in effect guaranteeing any indebtedness, dividend or other obligation of any other Person in any manner, whether directly or indirectly, including (without limitation) obligations incurred through an agreement, contingent or otherwise, by such Person:

  • Canadian Guarantee means the Canadian Guarantee Agreement, made by each of the Canadian Guarantors in favor of the Canadian Administrative Agent for the benefit of the Lenders to the Canadian Borrower, substantially in the form of Exhibit A-1, as the same may be amended, supplemented or otherwise modified from time to time.

  • Subsidiary Guaranty is defined in Section 9.7(a).

  • CONSTRUCTION GUARANTEE means a guarantee at call obtained by the contractor from an institution approved by the employer in terms of the employer's construction guarantee form as selected in the schedule

  • Performance Guarantee means the security to be provided by the Contractor in accordance with Sub Clause 10.1 for the due performance of the Contract.

  • Subsidiary Guarantee Agreement means the Subsidiary Guarantee Agreement, substantially in the form of Exhibit D, made by the Subsidiary Loan Parties in favor of the Administrative Agent for the benefit of the Lenders.

  • Parent Company Guarantee means a guarantee issued in favour of the Operator in substantially the form set out in Schedule 6 (Form of Parent Company Guarantee).

  • Notation of Guarantee means a notation, substantially in the form of Exhibit A, executed by a Guarantor and affixed to each Security of any Series to which the Guarantee of such Guarantor under Article XII of this Indenture applies.